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Craft Cocktail Whisky Bar With Private Speak Easy

Los Angeles, California : Restaurants
Listing #2987

Craft Cocktail Whisky Bar With Private Speak Easy-entertainment-abc Type 48-$375,000 Annual Income! RRC#: 2987 Asking Price: $599,000 Location: Los Angeles County, Los Angeles County, California Yearly Revenue: $900,000 Yearly Cash Flow: $383,820 Monthly Rent: 3209 gross LISTING DESCRIPTION: Fabulous SAN GABRIEL VALLEY restaurant and craft cocktail whiskey bar with private 1920''s elegant speak easy complete with piano, fireplace, copper ceilings and antique glassware. Over a $1,000,000 remodel in 2017 complete with the finest materials throughout and furnishings from Restoration Hardware. Featuring a 38 ft bar, stage, dining area and two patios. Type 48 ABC license with entertainment. Open Wed-Sun starting at 4pm with a delicious comfort lounge menu. 18 craft beers on tap. Live music Thurs-Sun nights. CUP until 1AM. Back lounge patio features fire tables, couch seating, TV, tables, chairs with seating for 32. Front patio features a movie screen, heater and seating for 18 or more. Speaker system throughout with 8 speakers. The Speak Easy can be rented out for private parties and can accomodate up to 32 people. Some equipment includes: POS system, grease interceptor, walk in cooler, 12 ft. hood, 2 door freezer, 2 door fridge, 6 burner stove with oven, double fryer, 24" charbroiler, 36" grill, 5 ft. salamander, food warmer, 2 refrigerated prep stations, storage area, outdoor shed, private office, Touch Bistro POS system, Restoration Hardware lighting throughout. Complete back bar with 3-triple door under counter refrigerators, 2 jocky boxes, etc. Restaurant opened in June 2017, with sales increasing each month. Extremely lucrative business with loyal clientele. GENERAL INFORMATION: Organization: Corporation | Year Established: 2017 | Current Owner: 2016 | Employees: 11 | Seating: 99 indoors- 50 patios | Square Footage: 3500 | Parking: Rear Lot, Street and Public Parking Lot | Licenses Required: City, Health, Entertainment, ABC | Days Open/Hours: Wed-Sun Opens 4pm | Reason For Sale: Other Interests | FINANCIAL INFORMATION: Yearly Revenues: $900,000 | Yearly Cash Flow: $383,820 | Payroll: $14747 | LEASE INFORMATION: Monthly Rent: 3209 gross | Lease Expiration: Dec 31, 2021 | Yearly Adjustment: Jan 2022-2027 rent $3402 | Lease Option: 2-5 years |

Asking Price:

$599,000

Gross Income:

$900,000

(last 12 months)
Cash Flow:

$383,820

(last 12 months)
Inventory Value:

Undisclosed

Year Established: Business is Closed: No
Seller Financing Available: No Owner Operated: No
FF&E included: No Home-based: No
FF&E Value: Training provided No
Real Estate is included: No Easily Relocated: No
Value of Real Estate: $0 Number of Employees: 0
Real Estate Square Footage: 0

Craft Cocktail Whisky Bar With Private Speak Easy-entertainment-abc Type 48-$375,000 Annual Income!

RRC#: 2987
Asking Price: $599,000
Location: Los Angeles County, Los Angeles County, California
Yearly Revenue: $900,000
Yearly Cash Flow: $383,820
Monthly Rent: 3209 gross

LISTING DESCRIPTION:
Fabulous SAN GABRIEL VALLEY restaurant and craft cocktail whiskey bar with private 1920''s elegant speak easy complete with piano, fireplace, copper ceilings and antique glassware. Over a $1,000,000 remodel in 2017 complete with the finest materials throughout and furnishings from Restoration Hardware. Featuring a 38 ft bar, stage, dining area and two patios. Type 48 ABC license with entertainment. Open Wed-Sun starting at 4pm with a delicious comfort lounge menu. 18 craft beers on tap. Live music Thurs-Sun nights. CUP until 1AM. Back lounge patio features fire tables, couch seating, TV, tables, chairs with seating for 32. Front patio features a movie screen, heater and seating for 18 or more. Speaker system throughout with 8 speakers. The Speak Easy can be rented out for private parties and can accomodate up to 32 people. Some equipment includes: POS system, grease interceptor, walk in cooler, 12 ft. hood, 2 door freezer, 2 door fridge, 6 burner stove with oven, double fryer, 24" charbroiler, 36" grill, 5 ft. salamander, food warmer, 2 refrigerated prep stations, storage area, outdoor shed, private office, Touch Bistro POS system, Restoration Hardware lighting throughout. Complete back bar with 3-triple door under counter refrigerators, 2 jocky boxes, etc. Restaurant opened in June 2017, with sales increasing each month. Extremely lucrative business with loyal clientele.

GENERAL INFORMATION:
Organization: Corporation | Year Established: 2017 | Current Owner: 2016 | Employees: 11 | Seating: 99 indoors- 50 patios | Square Footage: 3500 | Parking: Rear Lot, Street and Public Parking Lot | Licenses Required: City, Health, Entertainment, ABC | Days Open/Hours: Wed-Sun Opens 4pm | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $900,000 | Yearly Cash Flow: $383,820 | Payroll: $14747 |

LEASE INFORMATION:
Monthly Rent: 3209 gross | Lease Expiration: Dec 31, 2021 | Yearly Adjustment: Jan 2022-2027 rent $3402 | Lease Option: 2-5 years |


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